The IL Bridge Fund llc's Business Incubation Program Plans to add 500 New Jobs In Cincinnati, Ohio and Beyond

Top Quote "This new program will offer financing as well as business mentoring to help the selected businesses attain their goals" says Angelo Sferrazza, President, The IL Bridge, located in Cincinnati, Ohio. J The IL Bridge Fund lis beginning a Business Incubation program for new and emerging businesses to help in job creation to get the economy moving again. End Quote
  • (1888PressRelease) December 29, 2010 - "We want the businesses we fund to be successful. In our experience many not only need funds, but also advice on growing their business", says Angelo Sferrazza, President, The IL Bridge Fund llc, located in Cincinnati, Ohio.

    New and emerging businesses not only need funding but also guidance, the type of guidance provided by hands-on professionals who have been working their successful businesses for many years. This is one of the reasons behind the development of The IL Bridge Fund llc's Incubation Program for new and emerging businesses. One component of The IL Bridge Fund llc Incubator Program will be the Educational Financial and Mentoring Program for emerging and existing businesses that are seeking funding and information for growing their business.

    "It should be easier for business to find funding to ensure success in the communities around the county and further improve economic development," Mr. Sferrazza commented. "This is why the 'Bridge Lending Programs" were developed to supply 'short-term' financing for those businesses who need more timing funding with less stringent lending criteria, and financial educational mentoring when needed."

    According to Mr. Sferrazza, institutional credit is still behind the curve in lending money to emerging businesses, regardless of the market demand for products and services. "The recent regulations for business lending criteria have made it extremely difficult for small businesses to acquire funds for business expansion" says Mr. Sferrazza. "I believe that there is an important need for someone to advocate for the small businesses in the State of Ohio and beyond. We believe The IL Bridge Fund llc's new Incubator Program will add in the development of more small businesses and create many new jobs in the process".

    The IL Bridge Fund llc was created by Angelo Sferrazza in 2009. The IL Bridge Fund llc, an Ohio Limited Liability Company located in Cincinnati, Ohio, is the funding source for Mid-market Emerging and Existing Companies and Real Estate Investors that have valuable marketable assets that can be used to secure an initial bridge loan (short-term). This approach to funding provides the time needed for companies to secure more permanent funding from an institution, or investment organization. The IL Bridge Fund has funded millions of dollars in transactions to date.

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